Dec. 19, 2017
Mr. Jeffrey Cocks reports
December 19, 2017 – Smooth Rock Ventures Corp. (“Smooth Rock” or the “Company”) (TSX.V SOCK) has amended the terms of the previously announced (June 1, 2017) Option Agreement to acquire a 100% interest in the Mattagami River Zinc Property (“Mattagami” or the “Property”), located in Agate and Tucker Townships of the Porcupine Mining Divisions of Northeastern Ontario. The Mattagami property is comprised of 14 unpatented mining claims totaling 204 units having a combined area of approximately 3,300 hectares, located approximately 50 km northeast of the town of Kapuskasing.
The terms of the agreement have been amended such that Smooth Rock can earn a 100% interest in the Property under the terms of the Option Agreement by: (a) issuing 6,500,000 common shares in the capital of Smooth Rock and paying $25,000 cash within 5 business days upon receiving TSX Exchange Approval and (b) paying $25,000 cash 12 months from the execution of the Option Agreement. The Property is subject to an underlying 2% Net Smelter Returns (NSR) royalty, of which 1.5% may be purchased by the Company for $1-million.
The closing of the transaction is subject to a number of conditions, including final TSX Venture Exchange approval.
ON BEHALF OF THE BOARD
FOR FURTHER INFORMATION PLEASE CONTACT: Smooth Rock Ventures Corp.
(TEL)- (888) 909-5548, (FAX)-(888) 909-1033
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.